1031 Nasdaq St Spring Hill, TN 37174
- Office Properties & Spaces
- 4,180 SF
- 1.18 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1031 Nasdaq St
- Year built
- 2024
- Lot size
- 1.18 lot acres
- Property size
- 4,180 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a brand-new, 4,180 square foot medical office building located at 1031 Nasdaq Street in Spring Hill, Tennessee, within the Nashville MSA. The property is currently 100% occupied by Joybridge Kids, an established provider of ABA therapy for children with autism, under a 15-year absolute triple-net (NNN) lease with a corporate guarantee. The lease features built-in rent increases of 1.25% annually commencing in year three, and includes three five-year renewal options, ensuring long-term, stable income. The asking price is $3,488,973, resulting in a price per square foot of $834.68 and a current net operating income (NOI) of $200,616. The single-story building, constructed in 2024, sits on a 1.18-acre lot. This prime location benefits from high visibility on Nasdaq Street, near Columbia Pike, with over 22,000 vehicles passing daily. The surrounding area boasts strong demographics, with over 50,000 residents and an average household income exceeding $100,000 within a three-mile radius. This property offers a compelling combination of a secure, long-term lease, a creditworthy tenant, and a strategic location within a rapidly growing market, making it an ideal addition to any investment portfolio. The property offers a hands-off investment opportunity with no landlord responsibilities.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spring Hill
- County
- Williamson
- State
- Tennessee
- Longitude
- -86.9158
- Latitude
- 35.7731
